RE:New Press Release - Kane Biotech Announces Exercise of Warrants500K in the bank account, that should help short-term. Here's an excerpt of their last financial report. Please note the expiry date for both sets of warrants....;
''Warrants:
- During the year ended December 31, 2023, the Company issued 2,500,000 warrants to a third-party for their guarantee of the $1,000,000 increase in the credit facility related to an amended credit agreement signed with Pivot on March 1, 2023. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.10 and has an expiry date of September 11, 2024.
- During the year ended December 31, 2023, the Company issued 2,500,000 warrants to Pivot Financial as part of the further amended and restated credit agreement signed with Pivot on September 11, 2023. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.10 and has an expiry date of September 11, 2024.''